"Russia has been excluded from the tariff because it sells almost no goods which could be made in the United States," Christopher Weafer, CEO of Russia-focused consulting firm Macro-Advisory, told Newsweek. "But it still provides things the U.S. needs—titanium, nuclear fuel, fertilizer, and other materials such as platinum."

Beijing, which imports far fewer goods from the U.S. than it exports, is considering a range of nontariff measures amid growing trade tensions between the world’s two biggest economies.